Fairfield Financial Services, Inc. - Private Money Loans, Lending & Borrowing

Creative solutions

Article: The search for a better loan

Wednesday, January 4th, 2017

Clay Sparkman
This article, The Search for a Better Loan, published in Scotsman Guide, should be useful to most Brokers trying to juggle the needs and interests of investment property borrowers.
Scotsman Guide is an excellent resource available online, with good articles and excellent information regarding different types of commercial money sources and particulars regarding each of [...]

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Private money as a source for home mortgage loans

Wednesday, September 28th, 2016

Clay Sparkman
May articles I’ve come across lately suggest that more and more private money lenders are putting their funds into the long-term residential home market, and doing so at a fairly roate (low by private money standards). The article here–Private Lenders Remodel the Mortgage Market–is a good discussion of precisely this movement, and approaches the [...]

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Private money loans – a broad perspective

Monday, June 27th, 2016

Clay Sparkman
I came across this article, Private Lending Presents Opportunities for Investors by Jeff Brown, in US News. It gives a very broad perspective on private money lending. For example, it includes references crowd-sourcing and unsecured loans. I thought it might be worth sharing with you all, as you contemplate your options for non-bank loans.
Here
Check [...]

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how 2-4 unit properies might be utilized (and financed)

Wednesday, June 1st, 2016

Clay Sparkman
Here, in The Scotsman Guide, is an article with an interesting take on regulations for financing of 2-4 unit properties and how private money might be utilized in a supporting role. I thought it might interest most Brokers and RI Borrowers. (By the way, if you are not familiar with it, The Scotsman Guide [...]

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Visualizing the industry

Thursday, May 19th, 2016

Clay Sparkman
With regard to forward thinking (that is, how is the industry changing?): I thought you might appreciate this article, Private Lending Sector Making Big Noise for Real Estate Investors, by Ben Stoodley:
Here
Certainly he is correct with regard to his interpretation of current trends, and one must wonder how far this might all go.
Comments are [...]

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Home flipping

Thursday, May 5th, 2016

Clay Sparkman
As you know, our sweet spot is for loans to real estate investors. In particular, we do a lot of fix and flip, fix and hold, REO, short sale , and new construction.
I feel that this recent Washington Post article, by Justin Pierce, “The four things you need to know to flip a home.” [...]

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Our sweet spot: Rehab and Constrcution loans

Thursday, April 21st, 2016

Clay Sparkman
One of the most promising areas at the moment for real estate investors and brokers, by all indications, is new construction, REO, short sale, rehab, and quick flip properties.  The opportunity to buy distressed properties at a low price point is evident in many markets.  And yet it is difficult for most end-buyers (with [...]

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Special quick flip loan program

Tuesday, January 26th, 2016

Clay Sparkman
It seems that quick flips are becoming quite common again, with the regular small time investor. This is a favorite niche of ours. We particularly like to make these loans happen.
As you probably know, we work with a lot of people who are doing quick flip properties/projects. That [...]

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Guest Post: Private Lending—Turning Trash Into Treasure

Monday, November 30th, 2015

Clay Sparkman

I came across this blog post by Jeffrey Tesch recently. It was originally posted at cpexecutive.com on October 19, 2015. After working to articulate the various practical issues of private money for many years, I felt that it would be nice to offer a fresh voice/perspective on the matter. I contacted a representative for [...]

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Prognostication regardiing the real estate marketplace

Thursday, October 22nd, 2015

Clay Sparkman
Okay, it has been a good nine months since I last posted. Let’s just say it’s a long story. At any rate, I’m back–so expect regular postings going forward.
It looks like HML Investments predicts that this is a good time to consider hard money.
HML Investments Releases Latest Prognostication Regarding the Real Estate [...]

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Flexibility and creativity: the beauty of private money loans

Wednesday, November 5th, 2014

Clay Sparkman
This post was first published on this site on July 6th. 2010.

Our private money lending programs tend to be fairly rigid with regard to LTV requirements but quite forgiving with regard to other issues.   One of the nice things about private money is that it allows for creative problem solving.  [...]

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Reminder: Quick flip loan program added

Tuesday, October 29th, 2013

Clay Sparkman
This is re-post (modified).

As you probably know, we work with a lot of people who are doing quick flip properties/projects. That means: buying low, generally fixing up (though not always), and then selling fast, at a fair price, for a nifty profit.
Until now, we have made many such [...]

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The big stretch – repost

Thursday, October 10th, 2013

Clay Sparkman
This article was originally posted at this site in August of 2010. I feel that these essential points are so important for those seeking creative ways to get deals done that I felt I should post it again (I have made some modifications to the original article so as to bring the facts up [...]

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